XVG is one of the most shittiest coins out there. This coin has partnered with PornHub and it responded with massive dump. Looks like the market didn't really like the partnership. Plus Verge has been a victim of 51% attack, what a shame.
All I depend the price is based on technical part which the support quite hold on this bear market around 190 - 250 is a great buy for first entry. R:R quite good, but there is also a chance to break the support right now if something towards Bitcoin price due to volatility on these recent days. I expect to enter the second entry around 50-75 sats.
Above all please consider this is a not strong analysis which only based on technical pattern and indicators with shady price action stuff. XVG Long!
Trade active
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Nice small pump, the RSI started to rounded and gain mass.
@blockchaindedi, It was a mining algorithm exploit. The problem has been patched and a new code base is almost finished which is supposed to include RSK smart contracts. Its primed to pump again.
blockchaindedi
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@BaggyHodlson, thanks for having me illuminated mate! really appreciate your time.